https://www.taxtmi.com/circulars?id=2093 A Line of Credit up to USD 50 million finances exports of capital goods, plant and machinery, industrial manufactures, consumer durables and other Exim Policy eligible items; shipments must be declared on GR/SDF forms. No agency commission is payable under the credit except that Reserve Bank may permit up to five percent commission for exports requiring after sales service, payable in the borrower country by deduction from the invoice, and Exim Bank's reimbursable amount to the negotiating bank will be ninety percent of the f.o.b./c.&f./c.i.f. value minus commission. Approval for commission must be obtained before shipment. en-us Sat, 10 Jul 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2093 A Line of Credit up to USD 50 million finances exports of capital goods, plant and machinery, industrial manufactures, consumer durables and other Exim Policy eligible items; shipments must be declared on GR/SDF forms. No agency commission is payable under the credit except that Reserve Bank may permit up to five percent commission for exports requiring after sales service, payable in the borrower country by deduction from the invoice, and Exim Bank's reimbursable amount to the negotiating bank will be ninety percent of the f.o.b./c.&f./c.i.f. value minus commission. Approval for commission must be obtained before shipment. Circulars FEMA Sat, 10 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2093